Phelan Energy Group and Avaada Power Private Limited have bagged 50 MW and 100 MW respectively at Rs 2.62 per unit while SBG Cleantech – a joint venture between SoftBank, Bharti Enterprises and Foxconn has bagged 100 MW at Rs 2.63 a unit

SoftBank’s Son has a close association with Bharti Airtel boss Sunil Mittal. The Indian company has been SoftBank’s strategic ally in India. Along with Foxconn, they set up a joint venture in 2015, SB Energy, to generate about 20 gigawatts of solar power. All investments in the solar sector will also be made through the vision fund going forward.

The ongoing field development and EOR/IOR projects are expected to produce a cumulative of 54.6 million tonne (mt) of crude oil and 114 billion cubic meter (bcm) of natural gas in the next three to four years, the report said.